First Data Corp.'s Card Services Group has introduced a service called Virtual CD-ROM, which delivers the statement and reporting functions of the company's CD-ROM products with less expensive equipment.

The multimedia Virtual CD-ROM can be integrated with a client's imaging technology, whether it be based on the MS-DOS or Windows computer operating system. First Data said that unlike other remote transmission alternatives, Virtual CD-ROM requires no local formatting, indexing, or creation of statement-form overlays.

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